NOT LISTED FOR SALE

157 Mars Ln Key West, FL 33040

Estimated Value: $823,000 - $957,000

3 Beds
2 Baths
1,056 Sq Ft
$845/Sq Ft Est. Value

Last Sold May 20, 2021

Last sale price $625,000 $592 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,262/month

24 Days on Market

Highlights

  • Ocean View
  • Private Dock
  • Home fronts a canal
  • Property has ocean access
  • Newly Remodeled
  • Recreation Room

About This Home

As of May 2021

This beautiful Key West gem is the perfect home for year 'round living, for weekend trips from the mainland, or for winter residents. This is a corner lot, new 2 years old metal roof, super clean, has central AC and a conforming enclosure down. Deep draft boating access is the best in the Lower Keys, good enough for sailboats, inboard/outboards/or outboards. Flexible showings by appointment only. CALL TODAY AS THIS HOME WON'T LAST!!!

Last Agent to Sell the Property

Orealis Aguilar

Virago Realty Group, LLC. License #3401806 Listed on: 03/09/2021

Co-Listed By

Laura Perez

Virago Realty Group, LLC. License #3402593

Last Buyer's Agent

Laura Perez

Virago Realty Group, LLC. License #3402593

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,331

Year Built

  • Built in 2000 | Newly Remodeled

Lot Details

  • 5,543 Sq Ft Lot
  • Home fronts a canal
  • South Facing Home
  • Property is zoned URM

Property Views

  • Ocean
  • Canal

Home Design

  • Metal Roof

Interior Spaces

  • 1,056 Sq Ft Home
  • 2-Story Property
  • Recreation Room
  • Ceramic Tile Flooring
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 6 Carport Spaces
  • Driveway
  • Open Parking

Outdoor Features

  • Property has ocean access
  • Private Dock
  • Balcony
  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Tamarac Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00147016-001400

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,331

Year Built

Built in 2000 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2000
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Co List Office Mls Id: VRGR01
  • Co List Office Phone: 305-609-7095
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other,Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: TAMARAC PARK
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Electric Range, Refrigerator, Washer
  • Interior Amenities: Second Floor Entry, Other, Recreation Room
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1056
  • Possible Use: Secondary
  • Bedroom Features: Other
  • Living Room Features: Other, Recreation Room

Exterior Features

  • Roof: Metal Roof
  • View: Canal, Ocean, Water
  • Exterior Features: Open Balcony, Other
  • Construction Type: Other
  • Direction Faces: South
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: WF/Ocean Access, Canal Front, Ocean Access, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: TAMARAC PARK
  • Carport Spaces: 6
  • Covered Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: Covered, Driveway, Other

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 00147016-001400
  • Lot Size Sq Ft: 5543
  • Zoning: URM
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4331

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2021
Closed on
Jun 9, 2021
Sold by
Smith Lennox Keith and Smith Yvonne Lorraine
Bought by
Smith Lennox Keith and Fort Smith Yvonne
Seller's Agent
Orealis Aguilar
Virago Realty Group, LLC.
Buyer's Agent
Laura Perez
Virago Realty Group, LLC.
List Price
$650,000
Sold Price
$625,000
Premium/Discount to List
-$25,000
-3.85%
Total Days on Market
24
Current Estimated Value
$892,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,815
Avg. Annual Appreciation
8.52%
Original Mortgage
$275,000
Outstanding Balance
$249,748
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$643,067

Purchase Details

Listed on
Mar 9, 2021
Closed on
May 19, 2021
Sold by
Caceres Fernando A and Jazmina Del
Bought by
Smith Lennox Keith and Smith Yvonne Lorraine
Seller's Agent
Orealis Aguilar
Virago Realty Group, LLC.
Buyer's Agent
Laura Perez
Virago Realty Group, LLC.
List Price
$650,000
Sold Price
$625,000
Premium/Discount to List
-$25,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Outstanding Balance
$249,748
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$643,067

Purchase Details

Listed on
Aug 1, 2016
Closed on
Dec 6, 2016
Sold by
Naranjo Ignacio and Smith Lynette D
Bought by
Caceres Fernando A
Seller's Agent
Margarita Villoch
Island Group Realty
Buyer's Agent
Creative Technology
List Price
$569,000
Sold Price
$524,777
Premium/Discount to List
-$44,223
-7.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.01%
Original Mortgage
$484,500
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 1995
Sold by
Schmid Richard E
Bought by
Birch Edward H and Birch Geraldine

Purchase Details

Closed on
Dec 20, 1994
Sold by
Naranjo Ignacio and Smith Lynette D
Bought by
Naranjo Ignacio and Smith Lynette D

Purchase Details

Closed on
Apr 12, 1994
Sold by
Smith Lynette D
Bought by
Naranjo Ignacio and Smith Lynette D

Purchase Details

Closed on
Oct 1, 1982
Bought by
Naranjo Ignacio
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smith Lennox Keith -- Attorney
Lennox K Smith And Yvonne L Smith Revocable T -- None Listed On Document
Smith Lennox Keith $625,000 Sunset Title
Smith Lennox Keith $625,000 Sunset Title Services Inc
Caceres Fernando A $524,800 None Available
Birch Edward H $102,000 --
Naranjo Ignacio -- --
Naranjo Ignacio -- --
Naranjo Ignacio $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Lennox Keith $275,000
Closed Smith Lennox Keith $275,000
Previous Owner Caceres Fernando A $484,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2021 05/20/21 Sold $625,000 -3.8% $592 / Sq Ft
04/01/2021 04/01/21 Pending -- -- --
03/08/2021 03/08/21 For Sale $650,000 +23.9% $616 / Sq Ft
12/06/2016 12/06/16 Sold $524,777 -7.8% $497 / Sq Ft
09/29/2016 09/29/16 Pending -- -- --
08/01/2016 08/01/16 For Sale $569,000 -- $539 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,353 $749,999 $505,411 $244,588
2023 $6,353 $703,149 $469,118 $234,031
2022 $5,692 $586,103 $349,486 $236,617
2021 $4,291 $436,343 $217,757 $218,586
2020 $4,331 $437,054 $215,068 $221,986
2019 $4,412 $444,622 $231,199 $213,423
2018 $4,518 $444,953 $0 $0
2017 $4,393 $435,802 $0 $0
2016 $4,326 $440,295 $0 $0
2015 $3,803 $309,431 $0 $0
2014 $3,840 $311,144 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11010241

MIAMI REALTORS® MLS

APN: 00147016-001400